Louisiana State Employees Retirement System Makes New Investment in ...
ποΈ Louisiana State Employees Retirement System initiated a new position in AJG by buying 13,100 shares worth approximately $2.84 million in the first quarter.
π Institutional ownership stands at 85.53%, with notable increases from Dearborn Partners LLC (+6.3%) and Teachers Retirement System of Kentucky (+127.3%).
π° The company has a market cap of $58.15 billion, trades at a PE ratio of 36.62, and recently paid a quarterly dividend of $0.70 per share.
π Analyst consensus is a 'Moderate Buy' with an average price target of $264.12, though recent targets range from $211 to $275.
π Corporate insider activity saw CAO Richard C. Cary sell 3,000 shares for $618,000, reducing his personal stake by 5.9%.
- Strong institutional accumulation evidenced by new positions from Louisiana State Employees Retirement System and significant increases from Dearborn Partners LLC and Teachers Retirement System of Kentucky.
- Analyst consensus remains 'Moderate Buy' with thirteen analysts rating the stock as a Buy compared to six Hold ratings.
- Barclays raised its price objective to $275.00 and maintained an 'overweight' rating, indicating confidence in the company's valuation.
- Piper Sandler reduced its price target from $226.00 to $211.00 and assigned a 'neutral' rating, reflecting cautious sentiment among some analysts.
- Morgan Stanley decreased its price target from $265.00 to $240.00, though it maintained an 'overweight' rating.